Shipping to see earnings grow 5%-7%—Moody’s

Credit rating agency Moody’s has given the global shipping industry a stable outlook for the next 12 to 18 months. “Moody’s-rated shipping companies should…

Zim upgrades Asia-ECSA service amid improved traffic outlook

Israeli shipping line Zim Integrated Shipping is expanding its services between Asia and the East Coast of South America (ECSA), as Drewry noted a…

HCM to put up SEZ to invigorate shipping industry

Vietnam is to build a special economic zone (SEZ) in Ho Chi Minh (HCM) City that is envisioned to spur the further socioeconomic development…

Evergreen strengthens intra-ASEAN service

Carriers continue to open new intra-Asia lines, specifically in Southeast Asia, the latest to do so being Evergreen Line. The Taiwan-based box liner said…

PH gov’t mulls agency that can keep tabs on foreign liners’ charges

The government plans to review whether it has the legal power to regulate charges of international shipping lines operating in the Philippines, following stakeholders’…

TSA announces rate hikes ahead of anticipated robust traffic

Asia-U.S. carrier group Transpacific Stabilization Agreement (TSA) is recommending general rate increases (GRIs) in the next two months as well as a peak season…

Subic port sustains big splash with all-around growth in Q1

The entry of more shipping lines to Subic port and the growing Philippine economy will continue to strengthen operations at the Northern Luzon hub,…

Marina seeks 20% hike in service fees

The Maritime Industry Authority (Marina) is proposing a 20% increase in its fees and charges. In a public consultation on April 27, Marina presented…

EDC eyes Cha-Ro inclusion in Ro-Ro development plan

The Department of Trade and Industry (DTI), through the Export Development Council (EDC), is proposing the inclusion of container chassis roll-on/roll-off (Cha-Ro) in an…

Lina to revisit old plan to adopt longer work hours at BOC

Customs Commissioner Alberto Lina will meet with district collectors to discuss the possibility of reviving a 2005 memorandum that implements flexible work hours at…

Mejia bid as IMO chief backed

The Philippines will be taking further steps in the global maritime industry if Maritime Industry Authority (Marina) Administrator Dr. Maximo Mejia, Jr. is elected…

ATI allocates P8B for 3-year capex

Listed port operator Asian Terminals Inc. (ATI) is investing a minimum of P2.8 billion in 2015, followed by P3.1 billion and P2.1 billion in…

E2m filing of PEZA locators’ transhipment entries deferred

The implementation of a directive that mandates Philippine Economic Zone Authority (PEZA) locators to file transshipment entries via the Bureau of Customs (BOC) electronic-to-mobile (e2m)…

More PH truckers to slash rates

The Confederation of Truckers Association of the Philippines (CTAP) reduced its guide rates for the transport of containerized cargoes effective this month, and the…

Manila port operators disclose strategies to ensure low yard usage, no queues

The operators of Manila’s two international terminals are putting in further measures to sustain manageable yard utilization levels and ensure the smooth flow of truck…

Measures vs another PH port congestion recommended

Cabinet Secretary Jose Rene Almendras has submitted an exit memo from the Cabinet Cluster on Port Decongestion, which he headed, to President Benigno Aquino…

Zim expands shippers’ options with new Asia-USEC loop

Israel-based Zim announced it will inaugurate a new express service connecting South and Southeast Asia with the U.S. East Coast (USEC) in late May. The…

Strong Asia-Europe trade flow not enough to lift OOCL Q1 revenue

Growth in its East-West volume failed to boost overall liftings and revenue for Orient Overseas Container Line (OOCL) in the first quarter of 2015.…